On the recordApril 6, 2011
I am going to take a slightly different perspective and ask my colleagues to support this amendment. Again, I am hoping, I know there are a lot of letters that my good friend from Michigan says that he has, and any time you put forward legislation that trade groups send word out to membership and say, this is going to save you a bucket full of money, and you better jump on the bandwagon, and there is no alternative or there is no basis of understanding the underpinnings of what we are doing, then you get that kind of praise. I hope that many people who are with the industry, having practiced the law, and I have seen some of the mountains that all industries have to climb, I think we can find a reasonable way of functioning. I just want to put in the Record that the industry, which is part of the drive of my friends on the other side, the oil and gas industry does generate 9.237 million jobs, $1 trillion contributed to the economy, $178 billion paid to the U.S. Treasury or to the government in royalties and bonus payments, and $95.6 billion in taxes, income taxes, $194 billion invested to improve the environmental performance of its products, and $58.4 billion invested in low- and zero-carbon emission technologies from 2000 to 2008. {time} 1610 I encourage them to keep going. But the way that you keep going is not to eliminate the oversight body, but you work with it. And my amendment is very clear. I create a pathway for the industry to be engaged on any rulemaking.…
